A federal agency of the U.S.
Commerce Department that provides access
to census figures that can be helpful for
supply management strategic planning. It lists
a host of demographic data, including median
household income, education, and population
structure in which the rights, powers, duties,
and authority relating to procurement are
vested in the chief procurement officer (CPO).
While the CPO may delegate some of these
powers to others, the final authority resides
with them. See also: Decentralized
Cents per Hundredweight (Cwt.)
Transportation/carrier rates are quoted in
Cwt., which is determined by dividing the
actual weight in pounds by 100.
Certificate of Compliance
A document submitted
by a supplier or manufacturer that gives the
buyer with a written affidavit that the goods or
services delivered fulfill the contractual
Certificate of Damage
A supply management
document prepared by the receiver of goods,
establishing that the material delivered and
received was damaged. The document
includes a detailed description of the damage
and the number of items damaged.
Certificate of Non-Collusion
A document that
may be required, usually by public purchasers,
affirming that the offer is made freely and
without collusion with another offeror.
Certificate of Origin
A document required by
customs officials that identifies the country of
origin of imported goods and is certified by a
U.S. consular official.
Certification of Cost and Pricing Data
certification that to the best of the
contractor’s knowledge and belief, the cost or
pricing data submitted is accurate, complete,
and current as of a mutually determined date
prior to the date of the pricing of any contract,
change order, or modification.
A financial instrument whose
value is guaranteed by the financial institution
upon which the check is drawn. In some
cases, it may be used in lieu of a bid bond as
a form of bid guarantee.